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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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Franklin County IA
Mortgage Loan Application
Totals and Details
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| Location |
Franklin County IA
• Apply Here |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Applications | 397 |
| Total Amount of All Mortgage Loans Applied For | $28,133,000 |
| Average Mortgage Loan Amount Applied For | $70,000 |
| Highest Mortgage Loan Amount Applied For | $496,000 |
| Average Applicant Income | $54,000 |
| Highest Applicant Income | $351,000 |
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| Home Improvement |
51 | $1,972,000 |
$38,000 | $185,000 |
$60,000 | $337,000 |
| Home Purchase |
149 | $10,829,000 |
$72,000 | $275,000 |
$50,000 | $351,000 |
| Refinancing |
197 | $15,332,000 |
$77,000 | $496,000 |
$54,000 | $337,000 |
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| American Indian or Alaskan Native |
1 | $51,000 |
$51,000 | $51,000 |
$30,000 | $30,000 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
1 | $65,000 |
$65,000 | $65,000 |
$20,000 | $20,000 |
| Hispanic |
10 | $595,000 |
$59,000 | $113,000 |
$60,000 | $214,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
13 | $1,085,000 |
$83,000 | $148,000 |
$39,000 | $163,000 |
| Not Provided |
31 | $2,906,000 |
$93,000 | $275,000 |
$52,000 | $176,000 |
| White |
341 | $23,431,000 |
$68,000 | $496,000 |
$54,000 | $351,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
364 | $25,474,000 |
$69,000 | $496,000 |
$54,000 | $351,000 |
| FHA-insured (Federal Housing Administration) |
26 | $2,253,000 |
$86,000 | $177,000 |
$48,000 | $199,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
6 | $381,000 |
$63,000 | $96,000 |
$31,000 | $41,000 |
| VA-guaranteed (Veterans Administration) |
1 | $25,000 |
$25,000 | $25,000 |
$47,000 | $47,000 |
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| Application Approved But Not Accepted |
29 | $2,107,000 |
$72,000 | $177,000 |
$54,000 | $228,000 |
| Application Denied By Financial Institution |
128 | $8,734,000 |
$68,000 | $200,000 |
$52,000 | $228,000 |
| Application Withdrawn By Applicant |
32 | $2,043,000 |
$63,000 | $275,000 |
$49,000 | $82,000 |
| File Closed For Incompleteness |
10 | $979,000 |
$97,000 | $180,000 |
$57,000 | $105,000 |
| Loan Originated |
158 | $11,591,000 |
$73,000 | $496,000 |
$60,000 | $351,000 |
| Loan Purchased By The Institution |
40 | $2,679,000 |
$66,000 | $148,000 |
$38,000 | $80,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
18 | $1,447,000 |
$80,000 | $185,000 |
$80,000 | $228,000 |
| Credit Application Incomplete |
6 | $400,000 |
$66,000 | $100,000 |
$60,000 | $135,000 |
| Credit History |
26 | $1,648,000 |
$63,000 | $130,000 |
$48,000 | $109,000 |
| Debt-To-Income Ratio |
9 | $459,000 |
$51,000 | $144,000 |
$32,000 | $60,000 |
| Employment History |
2 | $157,000 |
$78,000 | $85,000 |
$30,000 | $40,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $354,000 |
$118,000 | $180,000 |
$58,000 | $83,000 |
| Mortgage Insurance Denied |
1 | $44,000 |
$44,000 | $44,000 |
$65,000 | $65,000 |
| Other |
7 | $328,000 |
$46,000 | $95,000 |
$58,000 | $214,000 |
| Unverifiable Information |
2 | $196,000 |
$98,000 | $104,000 |
$49,000 | $70,000 |
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Mortgage Companies for
Franklin County IA in 2007
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